The Cointelegraph Press Review

Cointelegraph.com News

• WLFI investors nod 6-month token lock-up rule in governance tweak
  WLFI token holders must stake their tokens for at least 180 days to retain voting privileges under the recently passed proposal.World Liberty Financial (WLFI) holders who want a chance to steer the protocol’s future will now need to lock up their tokens for nearly six months under a newly passed proposal. The proposal from the Trump […]
• US ban on stablecoin yield could see others fill the void: Ledger exec
  Ledger’s Asia-Pacific lead, Takatoshi Shibayama, has added his take as crypto and banks continue to debate whether to allow third-party platforms to offer stablecoin yields.A block on stablecoin yield payments in the US will likely prompt other countries to step up and offer the option, according to Takatoshi Shibayama, Asia-Pacific lead at crypto wallet company […]
• 72% of subsea cables need to fail to impact Bitcoin, study shows
  The past 11 years have shown that Bitcoin has been resilient to random intercontinental subsea internet cable failures, but could be susceptible to targeted attacks.Nearly three-quarters of all undersea fibre optic internet cables (which carry about 99% of international internet traffic) would need to fail to have a significant impact on Bitcoin, according to a […]
• Embattled crypto lender BlockFills files for bankruptcy in US
  BlockFills has filed for Chapter 11 bankruptcy in the US after suspending deposits and withdrawals last month, citing poor crypto market conditions.Crypto lending platform BlockFills has filed for bankruptcy in the US after the company halted customer deposits and withdrawals last month.Reliz LTD, BlockFills’ operating company, along with three other related companies, filed for Chapter […]
• Aave to launch 'Aave Shield' after $50M token swap mishap
  In a post-mortem of the incident, Aave clarified it was not slippage, but an illiquid market that caused the trader to lose over $50 million while swapping USDT for AAVE.Decentralized finance protocol Aave said it is introducing a new feature to block swaps with a price impact above 25% after a user lost $50 million […]
• Here’s what happened in crypto today
  Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.Today in crypto, Ethereum co-founder Vitalik Buterin is pushing for an update simplifying the blockchain’s node software, while a Galaxy Digital exec said the US CLARITY Act may […]
• CLARITY Act risks handing crypto to centralized players: Gnosis exec
  The legislation assumes that all crypto activity must pass through financial intermediaries licensed by the US government, warns Gnosis co-founder.The regulatory provisions outlined in the US Digital Asset Market Structure Clarity Act, otherwise known as the CLARITY Act, threaten to give large financial institutions control over crypto, according to Dr. Friederike Ernst, co-founder of the […]